CNOOC Limited Brings On-stream Suizhong 36-2 Oilfield 36-2 Block Development Project

December 23, 2024 | 07:00

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CNOOC Limited and 80883 today announces that Suizhong 36-2 Oilfield 36-2 Block Development Project has commenced production.

HONG KONG, Dec. 23, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces that Suizhong 36-2 Oilfield 36-2 Block Development Project has commenced production.

The project is located in Liaodong Bay of Bohai Sea, with an average water depth of approximately 27 meters. The main production facility is a new unmanned wellhead platform. A total of 21 development wells are planned to be commissioned, including 16 production wells and 5 water-injection wells. The project is expected to achieve a peak production of approximately 9,700 barrels of oil equivalent per day in 2026. The oil property is light crude.

The project relies on the facilities of the adjacent producing projects to process and transport the crude. Standardized engineering and construction was applied to the project, to effectively reduce the offshore construction workload, thus controlling the overall investment and ensuring the project's return.

CNOOC Limited holds 100% interest in this project and is the operator.

By PR Newswire

CNOOC Limited

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